Is Print on Demand Worth it in 2023?

So I know that this video is going to help a lot of people deciding on which business model to go with is an incredibly important decision some businesses are completely passive While others are almost entirely Hands-On some can make you tens of thousands a month some can even make you hundreds if not

Millions the challenge is picking the right business vehicle for you now even though I’ve used the print on demand business model to make hundreds of thousands of dollars I still realize that it isn’t for everyone not because the business model is dead or over saturated but because for some it just

Isn’t the right business vehicle ladies and gentlemen to me it was obviously the right choice but in this video I want to break down the four questions that you can answer to determine if print on demand is the right business for you the questions look like this first is

Deciding if the vehicle of print on demand is capable of getting you to your dream outcome second is looking at How likely it is that you’ll actually achieve that dream outcome if you try third is how long it will take to get there and finally how much effort is

Required over that amount of time these four questions will hopefully help you decide if print on demand is the right business for you so is print on demand capable of making you the amount of money that you want to make you’ll have a little more unique answer to this but

I’ll give you my answer as an example for me my dream outcome was to own an online business that would run as passively as possible that I could do fully remote from anywhere in the world that I want to and it had to replace a full-time income like at least $10,000 a

Month all I wanted was to escape the rat race as fast as possible without tying myself down to another job for my criteria it works some other businesses like smma are not nearly as passive at least until you can hire out the other positions affiliate marketing is good

But it’s difficult to get good margins without a big audience or money to run advertisements and so I was basically left with a Drop Shipping business business model now I’ve tried a lot of different Shopify AliExpress Drop Shipping 2o and while it does work it just costs money to get started which I

Couldn’t afford when I was getting started so since I basically needed a free to start business print on demand is as close as it gets now it’s not perfect by any means but it can get you to $10 to $40,000 a month if you try if you’re looking to make multiple six

Figures a month this isn’t the right business to start but if making 10 to 4 ,000 a month sounds like what you’re after then this could be a good option and if you don’t believe me that that’s even possible you can use the free tool from Allura to see the top seven and

Eight figure shops across Etsy to see the numbers for yourself if you want to take home millions in profit each year you’ll need another business model but as I said those businesses have their own unique restrictions I started this business with the intention of using it

To buy back my time and freedom and then use that new time and freedom to start other businesses that I care about a little bit more that doesn’t mean it’s the right decision for everyone but it was my Approach now the print on demand industry is huge and all of the

Marketplace platforms compete with one another and they’re really not created equally Redbubble Society 6 and Teespring are just some of the freeto use marketplaces with the competition to customer ratio isn’t nearly high enough to provide enough sales to make a good living if you really put in effort you’d

Still probably cap at a couple thousand a month so if you’re looking at getting similar results to what I’ve gotten you’re basically left with selling on Etsy and Shopify and I like Etsy for beginners since it’s a lot lower risk and time commitment now what’s possible

For others is one part of the equation but then we have to figure out how likely it is for us to actually get there if you go looking for it there’s plenty of Statistics that can deter you from wanting to take action on growing any business most businesses fail within

The first 2 years and that doesn’t even account for the artsy creative businesses like print on demand would typically be considered a part of but with that being said I actually consider print on demand a lot more feasible for more people than you might expect it’s perceived as a creative business model

But my three-step process removes the need for most creativity I don’t consider myself a super creative person or particularly good at Art and Design so I had to break down the business into a three-step system that can handle the creativity for me the three steps are templatized and publish making product

Templates is the only creative part of the business and I do it by finding bestselling products and sampling one element from each successful listing I find and build those into my own products like I never have to pull anything out of thin air it’s the same three-step process that I teach for free

In this video I just had to break down the business which seems like being all creative and making good designs and turn it into a system that anyone can follow so to answer the question How likely is it that you’ll actually achieve the results that are possible I

Think that if you’re cap capable of making any business work no matter where you fall on the creative Spectrum you should be able to build a system that makes this business work for you I learned that each time I would repeat my three-step process my income grows exponentially now one of the biggest

Flaws with any business is the time it takes from when you start to when you start making good money and to be completely transparent it’s going to take time probably 3 to 6 months to see good results and I think that’s the biggest downside of this business I

Didn’t know that when I started so for my first few months in business I didn’t see any results and I thought it was only because I sucked and I wasn’t creative my first year I only made around $220,000 in profit but then the second year I made $10 and it continues

To grow at 50 to 100% every single year and that’s just on etsy’s platform the reason that it took me so long is that it just took time to make all the products that I needed to learn the systems for making good designs and practicing the craft every day like even

If you’re competent enough to run a restaurant you’d still have to take the time to learn how each day plays out how to make certain dishes how to manage the team there’s just a lot to learn now it takes 3 to 6 months to see good results

And that’s mainly due to the nature of driving organic instead of paid traffic I didn’t have any money when I started out so I had to rely entirely on organic traffic to bring in sales I still get about 90% of my revenue from free traffic which means my profit margins

Are a lot higher but I still had to wait for all of my listings to rank in search you can either pay for traffic with ads or you can wait to rank organically with good SEO I found on marketplaces like Etsy it’s going to take 2 to 3 months

Before you’re starting to get consistent traffic on each listing that you post you’ll get traffic before then but it won’t be as consistent until you reach around the 90 day Mark once I learned that I wouldn’t get discouraged because I knew that if I spent a month uploading

New products in 3 months all of that work would start to pay off many times over now if you can pay for ads you can maybe reduce down that amount of time but if you’re like me and don’t have any money to start out with and you do want

To preserve your profit margin then it’s going to take time once you know and expect it to take a few months before you start seeing significant results it’s much easier to move forward knowing exactly what’s coming if you get stomach the time it takes I think you’re well on

Your way to success now if you can wait the 3 to 6 months before you start seeing results the final and most difficult question to answer is if you’re willing to put in the effort required the reality is if you really want this thing to work then you’ll have

To put in consistent work every day that doesn’t mean just posting 50 listings and then in 3 months get paid it means if we post hundreds of listings in 3 months will’ll start to see it pay off with print on demand if you decide to go

With it and make it your business then literally all that is standing between you and your outcome is learning the three-step process with print on demand if you decide to go with it and make it at your business then literally all that’s standing between you and your dream outcome is learning the three-step

Process now for those who have been paying attention the better you learn that three-step process the faster you’ll get each day and the more you can offload that work into automated processes and AI you just need to spend at least 30 minutes to an hour working

The process each day you would enter the gym and expect 5 minutes on the treadmill to burn off your fat so even though it might feel a little more foreign in the business business world you can’t upload five products and expect it to make money you have to

Think in multiples of 5 to 10 times the amount that first comes to mind and then you can just work backwards my three-step process makes it easy to automate the process of coming up with new designs and listings but without actually working the process you won’t get anywhere the faster you can close

The gap from when you start to actually learning the process and implementing it the closer you’ll get to your dream outcome every single day I learned that the only thing standing between me and my six figure plus dream income was the work some tend to think it’s luck or

They can’t be successful because of competition or whatever the excuse is but it’s only ever about executing the process earlier I mentioned that there’s a tool for spying on the most successful Etsy shops well one thing that almost all seven and eight figure shops have in common is that they have thousands of

Listings when I learned that a few thousand listings stood between me and my goal making a few thousand listings is nothing compared to the alternative which is not reaching it when you don’t know how you’re going to get there it feels like it’s going to be impossible

And take forever but once you understand the process it really changes everything so if your goal is to make1 to $40,000 a month somewhat passively from anywhere in the world you don’t have much money to get started with you can commit to waiting 3 to 6 months before you start

Seeing good results and you can commit to actually taking taking action for those 3 to 6 months by learning the three-step process that I’ve laid out I think this business is for you I really hope that this helps and gives you better insights if you’re considering getting started I recommend watching

This video next and as Always O